Hsbc Holdings PLC Has $1.32 Million Stock Position in ATI Inc. (NYSE:ATI)

Hsbc Holdings PLC cut its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 45.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,908 shares of the basic materials company's stock after selling 19,880 shares during the period. Hsbc Holdings PLC's holdings in ATI were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new stake in shares of ATI in the 4th quarter valued at approximately $25,000. Mainstream Capital Management LLC acquired a new position in shares of ATI during the fourth quarter worth $94,000. EverSource Wealth Advisors LLC boosted its holdings in ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after purchasing an additional 288 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 1,516 shares during the last quarter.

ATI Stock Up 2.1 %

Shares of NYSE ATI traded up $1.44 during trading hours on Tuesday, hitting $68.82. The stock had a trading volume of 1,887,160 shares, compared to its average volume of 1,711,521. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The company has a market capitalization of $9.71 billion, a P/E ratio of 26.99, a P/E/G ratio of 0.85 and a beta of 1.01. The firm's 50-day moving average price is $51.67 and its two-hundred day moving average price is $55.82. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $68.92.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. Analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Susquehanna upped their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. BTIG Research set a $90.00 target price on shares of ATI and gave the company a "buy" rating in a report on Monday. Barclays lifted their price objective on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, KeyCorp raised shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.14.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.